Bricker Enterprises Purchased a Machine for $100,000 on October 1,2018

question 54

Multiple Choice

Bricker Enterprises purchased a machine for $100,000 on October 1,2018.The estimated service life is ten years with a $10,000 residual value.Bricker records partial-year depreciation based on the number of months in service.Depreciation expense for the year ended December 31,2018,using straight-line depreciation,is:

• A)$1,500.
• B)$7,500.
• C)$2,250.

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Definitions:

Dimethyl Sulfide

A volatile organic compound with the formula (CH3)2S, known for its distinctive odor and produced naturally in the marine environment.

Unsaturation

Refers to the presence of double or triple bonds in a chemical compound, which decreases hydrogen atom count.

Bromine

A halogen element with the symbol Br and atomic number 35, known for its reddish-brown color and use in various chemical compounds.

Carbon Tetrachloride

A compound featuring a carbon atom connected to four chlorine atoms, historically used as a dry cleaning solvent and fire extinguisher, now known for its toxicity.